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Onset 02558
5 Colonial Lane Vrm
Photo of 5 Colonial Lane Vrm
Sold on Jan 26, 2007

1

Map

$236,000
● House - Off Market

5 Colonial Lane Vrm

Wareham, MA 02558
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,360 Ft²
$389,891
RealtyHop Estimate
70.26%
Since Feb 1, 2007
National-US
Primary Model

About This Property

Value Range**Seller will consider offers between $229,000 and $249,000**. 3 bedrooms/2 full baths. Spacious sunny kitchen, patio doors to huge deck. Hardwoods in DR and fireplaced LR, Farmers porch for sunsets. Take in the water view from the master bedroom balcony on the 2nd level, walk-in closet. Two other bedrooms and a full bath complete the 2nd level. Much finish work needed, new roof, new vinyl siding, new windows, rare DOUBLE LOT for privacy or expansion possible.
Unit Size
1,360 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$168
Property Type
House
Property Taxes
$132
HOA Dues
-
Year Built
1910

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #70461534)

Price History

Date / Event Date Event Price
Jan 26, 2007 Sold
Premium
Sold
Sep 20, 2006 Listed $229,000
Listed
Oct 13, 1999 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,200
  • Total Building Area: 1,360
  • Gross Building Area: 3,016
  • Building Area: 1,360
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,360
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BISBEE STREET
  • Land Acres: 0000000165
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Middleborough School District
  • School Tax School District: WAREHAM SD
  • Census Tract: 545300

Geography

  • Parcel: WARE M:00001 B:000 L:00468
  • Lot: 468
  • Municipality: WAREHAM
  • Latitude: 41.746
  • Longitude: -70.6617

    Address

  • Full Address: 5 Colonial Ln
  • Address - House Number: 5
  • Address - Street Name: Colonial
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Onset
  • Carrier Code: R777
  • 4-Digit Zip Code: 1851
  • Zip Code: 02558

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $400,500

    Appraisal Valuation

  • Standard Deviation: 0.1953
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 73
  • Final Value: 432,651
  • High Value: 517,183
  • Low Value: 348,119

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $342,900
  • Assessed Land Value: $78,600
  • Assessed Improvements Value: $264,300

    Sales

  • Current Sale Recording Date: Jan 26, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 13, 1999
  • Previous Sale Amount: $70,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Onset

Stats & Trends

Median Asking:

$509,900

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1167 ft²

Average Home Age

82.7 years

Currently For Sale

7 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70461534

Frequently Asked Questions

When was property at 5 Colonial Lane built and last sold?
The property at 5 Colonial Lane was built in 1910 and last sold on Jan 1, 1970 for $236,000.
How much is this home worth?
The estimated value of the home located at 5 Colonial Lane is $250,847.
What are some comparable homes to 5 Colonial Lane?
There are currently no comparable homes to 5 Colonial Lane.
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